Budget Monitoring Outturn report P8
- The acceptance and incorporation of
government funding totalling £9.6m into the Council’s
Revenue budget in 2020/21 as detailed in Appendix A, Section
- The Spending of £0.9m
Additional Restriction Grant (ARG) passed through to the Council in
supporting Local Businesses, Appendix A, Section 3.4.
- The incorporation of £436.667
grant from Home England if received into the capital programme as
noted in Appendix A3.
- That the Period 9 (December)
monitoring report to be the only publicly reported budget
monitoring report for 2020/21 financial year before the year-end
outturn report (at P12). Internal monitoring and forecasting by
budget holders will still take place, however no formal public
report will be published except for any significant movement in
forecast (if any) reported on an exceptional basis. This will
ensure that resources during these periods are redirected and
focused on a list of activities detailed under Appendix A section
That Cabinet Noted:
- Risks associated with the forecast
outturn and the long-term financial impact on the Council as a
result of COVID-19 pandemic.
- A risk of non
COVID-19 related overspend on General fund services, an
overall forecast overspend of £6.3m for 20/21 at Period 8,
representing 1.6% of the approved budget. This overspend is like to
trigger a supplementary estimate at year-end, provisional approval
will be sought from Council in the budget report to facilitate
- Forecasts underspend of £3.3m
with regards to the Housing Revenue Account.
- A forecast in-year deficit of
£8.6m and a total £11.4m carried forward deficit in the
ring-fenced Dedicated Schools Account (DSG).
- £1.021m bid had been submitted
under National Leisure Recovery Fund (NLRF), details under Appendix
A, section 3.
- A forecast £13.5m underspend
against the approved Capital Programme.